Fed pivot everyone's been waiting for? Dead.
Trump's handpicked Fed chair Kevin Warsh—the guy who was supposed to cut rates—is now threatening to RAISE them instead. That bounce above $60K? Smells like a bull trap, not a real recovery.
The irony: Trump pushed Warsh specifically to cut rates, even threatened lawsuits if he didn't. But Warsh is a hawk. Market now pricing 64% chance of a rate HIKE in September (up from 23% last month).
What's happening:
📉 5-year Treasury yield spiked to 4.22%
📉 Dollar (DXY) near yearly highs—sucking liquidity OUT of non-yielding assets like $BTC
📉 $BTC still down 53% from ATH. Gold down 12% in 2 months. Both "inflation hedges" getting wrecked during actual inflation.
📉 June $BTC ETF outflows: historic—$4.5B fled.
This bounce above $60K? Feels more like a bear trap than a real reversal.
So what's real: Does $BTC hit $80K by year-end, or do we see $53K first?
Trump's handpicked Fed chair Kevin Warsh—the guy who was supposed to cut rates—is now threatening to RAISE them instead. That bounce above $60K? Smells like a bull trap, not a real recovery.
The irony: Trump pushed Warsh specifically to cut rates, even threatened lawsuits if he didn't. But Warsh is a hawk. Market now pricing 64% chance of a rate HIKE in September (up from 23% last month).
What's happening:
📉 5-year Treasury yield spiked to 4.22%
📉 Dollar (DXY) near yearly highs—sucking liquidity OUT of non-yielding assets like $BTC
📉 $BTC still down 53% from ATH. Gold down 12% in 2 months. Both "inflation hedges" getting wrecked during actual inflation.
📉 June $BTC ETF outflows: historic—$4.5B fled.
This bounce above $60K? Feels more like a bear trap than a real reversal.
So what's real: Does $BTC hit $80K by year-end, or do we see $53K first?